Earnings Preview For Fabrinet
Portfolio Pulse from Benzinga Insights
Fabrinet (NYSE:FN) is scheduled to release its quarterly earnings report on 2024-02-05, with analysts expecting an EPS of $2.03. The company's past performance shows a trend of beating EPS estimates, which has often led to positive stock price movements the following day. Shares of Fabrinet have seen a 68.56% increase over the last 52 weeks, indicating a bullish sentiment among long-term shareholders. Investors will be particularly attentive to the company's guidance for future growth.
February 02, 2024 | 4:01 pm
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Fabrinet is expected to report an EPS of $2.03 for the upcoming quarter. Historical data shows positive stock movement following earnings beats. With a 68.56% increase over the last year, the outlook remains bullish.
Given Fabrinet's history of exceeding EPS estimates and the subsequent positive impact on its stock price, there is a strong likelihood of a positive short-term price movement, especially if the company beats the EPS estimate again and provides optimistic future guidance. The 68.56% annual increase in stock price further supports a bullish sentiment among investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100